The pact will allow U.S. organic growers, processors and business inroads to Korea’s expanding market for organic products, according to a news release from the U.S. Department of Agriculture.
“Korea is a growing, lucrative market for U.S. organic products, and this arrangement increases demand for American organic products,” Agriculture Secretary Tom Vilsack said in the release. “This is another chapter in the success story of organic agriculture, which provides more economic opportunities for American producers, more choices for consumers, and more jobs in rural communities across the country.”
Like earlier U.S. equivalency arrangements with Canada, the European Union, and Japan, the agreement with Korea eliminates trade barriers for small and medium-size businesses, according to the release. The arrangement covers organic condiments, cereal, baby food, frozen meals, milk, and other processed products. U.S. industry estimates place total processed organic product exports at $35 million annually.